4//SEC Filing
Joyce Michael Joseph 4
Accession 0001390562-12-000001
CIK 0000819793other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 9:07 AM ET
Size
14.5 KB
Accession
0001390562-12-000001
Insider Transaction Report
Form 4
Joyce Michael Joseph
Group Vice President
Transactions
- Exercise/Conversion
Restricted Stock Units
2012-01-01−7,459.5→ 0 totalFrom: 2011-03-01→ Class A Common Stock (14,919 underlying) - Disposition to Issuer
Class A Common Stock
2012-01-01$23.90/sh−7,459.5$178,282→ 0 total - Exercise/Conversion
Class A Common Stock
2012-01-01+7,459.5→ 7,459.5 total
Holdings
- 2,514
Restricted Stock Units
→ Class A Common Stock (2,514 underlying) - 14,513
Class A Common Stock
- 3,712(indirect: By 401(k))
Class A Common Stock
Footnotes (6)
- [F1]Deemed acquisition and disposition to the issuer of shares of stock underlying Restricted Stock Units upon automatic vesting and cash settlement of such Units (see footnote 2). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
- [F2]Restricted Stock Units granted pursuant to the Albany International Corp. 2003 Restricted Stock Unit Plan (the "Restricted Stock Unit Plan"). Each Restricted Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting or, in the event that the holder elects to defer payment, at such later time elected in accordance with the Restricted Stock Unit Plan.
- [F3]Pursuant to the Restricted Stock Unit Plan, 7459.5 RSUs vested upon the reporting person's departure from the Company.
- [F4]In addition to the vesting of 7459.5 RSUs, reflects the forfeiture of 7459.5 RSUs pursuant to the Restricted Stock Unit Plan upon the reporting person's departure from the Company.
- [F5]Restricted Stock Units granted on February 25, 2010 pursuant to the Albany International Corp. 2005 Incentive Plan (the "Incentive Plan"). Each Restricted Stock Unit award entitles the holder to receive a number of shares of Class A Common Stock, the cash equivalent of such shares, or a combination of cash and shares, in each case in accordance with a settlement schedule.
- [F6]The remaining reported units will be settled and payable on our about March 1, 2012, half in cash, half in shares of the Company's Class A Common Stock.
Documents
Issuer
ALBANY INTERNATIONAL CORP /DE/
CIK 0000819793
Entity typeother
Related Parties
1- filerCIK 0001390562
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 9:07 AM ET
- Size
- 14.5 KB